How big is the Acetic Anhydride Market?

The Acetic Anhydride Market size is expected to reach 2.28 million tons in 2024 and grow at a CAGR of 4.65% to reach 2.87 million tons by 2029. Read More

What is the current Acetic Anhydride Market size?

In 2024, the Acetic Anhydride Market size is expected to reach 2.28 million tons. Read More

Who are the key players in Acetic Anhydride Market?

Jubilant Life Sciences, Celanese Corporation, DuPont, Sasol Limited and SABIC are the major companies operating in the Acetic Anhydride Market. Read More

Which is the fastest growing region in Acetic Anhydride Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Acetic Anhydride Market?

In 2024, the Asia Pacific accounts for the largest market share in Acetic Anhydride Market. Read More

What years does this Acetic Anhydride Market cover, and what was the market size in 2023?

In 2023, the Acetic Anhydride Market size was estimated at 2.18 million tons. The report covers the Acetic Anhydride Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Acetic Anhydride Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Acetic Anhydride Market Trends

Statistics for the 2023 & 2024 Acetic Anhydride market trends, created by Mordor Intelligence™ Industry Reports. Acetic Anhydride trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Acetic Anhydride Industry

This section covers the major market trends shaping the Acetic Anhydride Market according to our research experts:

Increasing Demand from the Pharmaceutical Industry

Acetic anhydride is a key raw material required in the production of medicines, such as acetylsalicylic acid (aspirins), sulfa drugs, certain vitamins and hormones, acetyl-p-aminophenol, cortisone, acetanilide, theophylline, acetylcholine hydrochloride, acetophenacetin, sulfonamides, and paracetamol.
There has been an enormous growth in the number of general health issues arising globally, such as fever, cough and cold, body pains, nausea, etc.
This has led to an increase in demand for drugs, like aspirin and paracetamol. The increasing consumption of these generic drugs has significantly benefitted the market for acetic anhydride.
Additionally, there has been a rapid growth in the pharmaceutical sector in the past few years. The growth trend is expected to continue over the forecast period, due to the increasing health issues among people.
All the aforementioned factors, is expected to drive the global market during the forecast period.

Acetic Anhydride Market, Volume Share (%), by End-user Industry, Global, 2018

Understand The Key Trends Shaping This Market

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Asia-Pacific Region is Expected to Dominate the Market

Asia-Pacific is the largest consumer of acetic anhydride in the global market.
Acetic Anhydride is a key raw material required in the production of medicines, such as acetylsalicylic acid (aspirins), sulfa drugs, and various other medicines.
The region has witnessed a growth in the number of health issues, which include fever, cough & cold, body pains, nausea, etc. due to the pollution levels from industrial activities.
Healthcare has become one of the India’s largest sectors, due to its strengthening coverage, services and increasing expenditure by public as well as private players.
The government’s expenditure on the healthcare sector increased to 1.4% from 1.2%. This has led to an increase in demand for drugs, like aspirin and paracetamol.
Additionally, the increasing concerns for hygiene and cleanliness have led to the growth of the laundry and cleaning sector in Asia-Pacific, which in turn shall augment the growth of acetic anhydride market during the forecast period.